"Today, in the absence of (extra) government stimulus, the number of homes on the market has been steadily increasing again – in fact it’s up 47.5 percent year on year. There are currently 356,600 properties advertised online, and the trend suggests there are more coming onto the market (this week we found out that home loan approvals had its biggest fall in 14 years). ...
Even the most ardent property bulls are suggesting flat growth for the medium term. There’s an old investment adage that says you make your profits when you buy; property investors who buy today may have a long wait ahead of them."
Source: Barefoot Investor
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